Astera Labs Inc. (NASDAQ:ALAB) traded at $39.11 at close of the session on current trade day and made a downward move of -9.17% on its previous day’s price.
Looking at the stock we see that its previous close was $43.06 with the day’s price range being $38.96 – $42.68. In terms of its 52-week price range, ALAB has a high of $95.21 and a low of $36.22. The company’s stock has lost about -7.72% over that past 30 days.
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Astera Labs Inc. has a market cap of $6.13 billion and is expected to release its quarterly earnings report in October. Estimates by analysts give the company expected earnings per share (EPS) of 0.16, with the EPS growth for the year raised at 0.56 for current year and 0.56 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 95.6M, with a low of 79.7M and a high of 98.05M.
Based on estimates by 7 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Astera Labs Inc. (ALAB) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -6.07% off its SMA20 and -19.82% from its 50-day simple moving average. The RSI (14) is pointing at 41.93 while the volatility over the past week is 11.36% and jumps to 9.48% over the past one month. The average price target for the stock over the next 12 months is $75.5, with the estimates having a low of $42.48 and a high of $100. These price ends are -8.62% and -155.69% off the current price level respectively, although investors could be excited at the prospect of a -93.05% if the ALAB share price touches on the median price of $75.5.
Coming back to Astera Labs Inc. (NASDAQ:ALAB), we note that the average 3-month trading volume was 2.23 million, while that of the preceding 10-day period stands at 4.02 million. Current shares outstanding are 155.47 million.
The insiders hold 28.31% of the company’s shares while institutions hold 32.08%. The data shows that short shares as of 2024-08-15, stood at 11.47 million at a short ratio of 4.93. This represents a 1055.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 8.61 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -36.95% down in year-to-date price movement.
